During the quarters ended September 30, 2012 an
Post# of 17862
During the quarters ended September 30, 2012 and December 31, 2012, the Company and the consultant decided to cancel a portion of the agreement due to nonperformance of services and the consultant surrendered 5,012,000,000 shares back to the Company. The estimated value of the surrendered shares of approximately $56,000 was recorded as a reduction in consulting expense. To cancel the shares, the Company and the consultant agreed to cancel 95 percent of the shares owned in exchange for a share of the Company’s revenue equal to One-quarter of One Percent (.25%) of revenue for the next 20 years.